Dealer dragging process on and on
Seven days ago, I reached out to a dealer about a one-year-old used car they had posted online the day before. I agreed to pay the listed online price, but they increased it by $1,000 when I declined to use their financing. I still agreed to the higher price, secured my own financing, and my bank was ready to overnight a check or send an ACH/wire.
However, I had to ask multiple times for the purchase agreement so I could finalize the deal and issue full payment. They would only send the agreement to my loan officer—not directly to me—which seemed very strange. Even though I’m paying in full, they asked me to charge $3,500 on my credit card to “hold” the car through Sunday (Easter Sunday, they were closed anyway). Since I’m buying it outright and overnighting a cashier’s check, I declined.
After my bank forwarded me the contract, I agreed to it. It has been a week trying to get the FedEx paperwork they need to send me for wet signatures. Every day, they say, “It’s going out today—guaranteed.”
What is going on here? Are they waiting to see if they can get a better offer for the car than the full asking price (plus the extra $1,000) that I’ve already agreed to pay? I’ve purchased many cars before and have never experienced anything like this. I’m about ready to walk away.
Thanks for any insight.